Fundraising Fox

AdalFi

Founded 2021 · 73 employees on LinkedIn · 4 known investors

Find your way into AdalFi

287 people in our graph share verified history with the AdalFi team — schools, employers, funds. One of them is your warm intro.

Adrianna Maunlockedknows Salman Akhtar · together at Massachusetts Institute of Technology (overlapped)
×7knows the team · via Massachusetts Institute of Technology
×2knows the team · via FICO
×2knows the team · via Experian

AdalFi provides credit intelligence and lending platform for banks and financial institutions, using bank account data and machine learning models to enable faster and fairer lending decisions while sharing revenue and risk with lenders.

AI & Machine LearningData & InfrastructureFintechSaaS

Founders & leadership

AdalFi was founded in 2021 by Salman Akhtar, Khalid Kabeer, Ian Read, and Arsalan Ahmed.

SASalman Akhtar
Salman AkhtarinSalman Akhtar is founder of AdalFi, which provides credit intelligence and lending technology to banks and financial institutions using bank account data and machine learning to assess creditworthiness.
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Khalid KabeerinKhalid Kabeer is Chief Product Officer at AdalFi and formerly CEO of Vitas Group, with over two decades of experience in fintech and lending across the MENA, South Asia, and Europe regions. He has built regulated financial institutions, managed lending portfolios exceeding $1 billion, and worked on initiatives including microfinance securitization and NGO-to-bank conversions.
IR
Ian ReadinIan Read is founder and CEO of AdalFi, a credit intelligence and lending platform that helps banks and financial institutions assess creditworthiness using bank account data and machine learning models.
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Arsalan AhmedinFounder

Investors · 4

Amaana Capital
Fatima Gobi VenturesLahore · $1.5M – $22M
Gobi PartnersHong Kong · $709K – $37M
COTU Venturesreported · 2 sources$300K – $37M

Funding

SEC filings, press & company announcements

$15M disclosed across 2 rounds · 2023

Source: company announcements and press reports — follow each round's link for the claim.

In the news

AdalFi secures $7.5m to take on Pakistan's lending challengesfintech.global · Feb 2023AdalFi raises $7.5m in Seed funding (via Passle)news.fintech.io · Feb 2023Pakistani fintech AdalFi raises $7.5 mln to tackle lending challenges | Reutersreuters.com · Feb 2023Startup AdalFi raises $7.5 million in seed funding - Business - DAWN.COMdawn.com · Feb 2023Plaid Execs and Institutions Join AdalFi $7.5M Funding Round as it Helps Banks to Ramp Consumer and Business Loans Across Pakistan | Financial ITfinancialit.net · Feb 2023AdalFi Raises $7.5M in Fundingfinsmes.com · Feb 2023

Frequently asked questions

What does AdalFi do?
AdalFi provides credit intelligence and lending platform for banks and financial institutions, using bank account data and machine learning models to enable faster and fairer lending decisions while sharing revenue and risk with lenders.
Who founded AdalFi?
AdalFi was founded by Salman Akhtar, Khalid Kabeer, Ian Read, Arsalan Ahmed in 2021.
Who are AdalFi's investors?
AdalFi's investors include Amaana Capital, Fatima Gobi Ventures, Gobi Partners, COTU Ventures.
How much funding has AdalFi raised?
AdalFi has disclosed $15M raised across 2 rounds.